Voya Financial Selected as New Service Provider for Pennsylvania Public School Employees’ Retirement Plan

Retirement News Release

Voya Financial Selected as New Service Provider for Pennsylvania Public School Employees’ Retirement Plan

TUESDAY, JUNE 19, 2018

WINDSOR, Conn.--(BUSINESS WIRE)--
Voya Financial, Inc. (NYSE:VOYA), announced that its Retirement business
has been selected as the recordkeeper for the new Pennsylvania Public
School Employees’ Retirement System (PSERS) Defined Contribution Plan.

The new PSERS standalone defined contribution plan was created under Act
5 of 2017 and requires the public employees of Pennsylvania to set aside
funds from each paycheck toward their retirement. This new opportunity
with PSERS involves a six-year contract term, subject to successful
negotiations, and will be effective for all new-hire employees and
eligible electing employees beginning July 1, 2019.

“We look forward to working closely with Voya to implement a
best-in-class defined contribution plan,” said PSERS executive director
Glen R. Grell. “Our staff is dedicated to maintaining the high quality
and standards for excellence of the PSERS’ current defined benefit plan
while implementing new defined contribution features. We have made
tremendous progress with the selection of Voya to assist us in our
goals. While there is much work remaining to implement the new benefit
plan, I am confident that PSERS staff, together with Voya, will help
meet this challenge.”

As part of its commitment to advancing the retirement readiness of
Americans, Voya will provide plan members with localized support and
access to industry-leading educational tools and resources. These
include Voya’s myOrangeMoney® retirement-income-estimating
capabilities and participant website experience, as well as
communication and education programs designed to engage and motivate
employees to save.

“Our teams are eager to help PSERS members make this new and important
transition in their benefits program, and to support the broader
retirement and financial wellness goals of the state’s public school
employees,” said Heather Lavallee, president of Tax-Exempt Markets for
Voya Financial. “We look forward to successfully launching the plan and
forging a relationship that demonstrates how Voya can make a meaningful
difference.”

Voya Financial’s Retirement business serves clients of all sizes and
across all sectors, including employers in the government and other
tax-exempt retirement plan markets. As a leader and advocate for greater
retirement readiness, Voya Financial is committed to delivering on its
vision to be America’s Retirement Company® and on its mission
to make a secure financial future possible — one person, one family, one
institution at a time.

About Voya Financial®

Voya Financial, Inc. (NYSE:VOYA), helps Americans plan, invest and
protect their savings — to get ready to retire better. Serving the
financial needs of approximately 14.7 million individual and
institutional customers in the United States, Voya is a Fortune 500
company that had $8.6 billion in revenue in 2017. The company had $541
billion in total assets under management and administration as of March
31, 2018. With a clear mission to make a secure financial future
possible — one person, one family, one institution at a time — Voya’s
vision is to be America’s Retirement Company®. Certified as a
“Great Place to Work” by the Great Place to Work® Institute,
Voya is equally committed to conducting business in a way that is
socially, environmentally, economically and ethically responsible. Voya
has been recognized as one of the 2018 World’s Most Ethical Companies®
by the Ethisphere Institute, one of the 2018 World’s Most Admired
Companies by Fortune magazine and one of the Top Green Companies
in the U.S. by Newsweek magazine. For more information, visit voya.com.
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